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Buying and selling cryptos through localbitcoins

  • Thread starter Thread starter Justin
  • Start date Start date
As far as I know, Localbitcoin has been in existence for a very long time now. I once had an account with them as at then before the existence of the many ones we see now. But I have not visited the sites for years now. I use Luno, Binance, Trust Wallet, and some other ones.
 
Ub40 said:
As far as I know, Localbitcoin has been in existence for a very long time now. I once had an account with them as at then before the existence of the many ones we see now. But I have not visited the sites for years now. I use Luno, Binance, Trust Wallet, and some other ones.
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What is this local bitcoins and how does it really work is it a cryptocurrency website for buying cryptocurrency at the lower price and selling it at a higher price ? I don't really understand.
 
Thanks so much. Although we still have more places where we can buy, store or even sell coins like roqqu, quidax and so on. Selling and buying of crytocueency is really nice.
 
I have not used localbitcoins before
Justin said:
Recently, I discovered a site called localbitcoins. This site provides platform for buyers and sellers of crypto currencies. The best thing about this site is you can find buyer and seller from your region and deal direcelty. has any body tried local bitcoins?
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Justin said:
Recently, I discovered a site called localbitcoins. This site provides platform for buyers and sellers of crypto currencies. The best thing about this site is you can find buyer and seller from your region and deal direcelty. has any body tried local bitcoins?
Click to expand...
Well, I have not tried localbitcoins site for trading crypto. I have only used binance p2p.
Binance has given me one of the best crypto trading experience so far.
 
I am not sure but I believe localbitcoin has been around long before Binance was there. IN fact when there were few crypto exchanges platform and most of these platforms were limited to a handful of countries, localbitcoin came very handy.
 
I don't really trust most of this new cryptocurrency exchanges until they last a long time then I can use it to make a genuine rating that they are legit, some always comes and goes and ll take in with them some people's cryptocurrency.
 
I knew about local bitcoins some years ago actually many years ago now. And I also heard about the paxful platform that period too. The local Bitcoin is fun iof scam traders there a lot
 
Yes, my crypto trader friend makes use of it. One feature he outlined is its strict policy which doesn't give room for defrauding any counterpart.
 
Its a genuine crypto commercial center, where you'll have to utilize p2p exchanges to purchase and sell coins. I don't utilize it, since I can't get assets into my nation's ledger utilizing that site. Binance p2p is the best for me right now, and they are delivering well enough for me to relax and not be looking for what i did not lost.
 
I know of local bitcoins and it's proven to be legit from what I have heard but I wouldn't be able to give more information about it because I haven't bought anything from it
 
Though i have heard about the platform for exchange and transaction,but have not used the trading platform before,but have seen reviews about it.But i have a platform i am using to do transaction called binance.
 
Justin said:
Recently, I discovered a site called localbitcoins. This site provides platform for buyers and sellers of crypto currencies. The best thing about this site is you can find buyer and seller from your region and deal direcelty. has any body tried local bitcoins?
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This means they act as a local escrow site. If they can guarantee the security of funds of those users and ensure that none scams the other, it would be good to work with them.
 
It is risky because some of these local Bitcoin house are not very reputable.
The first Bitcoin house that I knew iny location disappeared sometime ago with a lot of customers money
 
I checked their platform now and I see a couple of guys from my country who are transacting over there. I will only be willing to trade over there if they offer better service than Binance P2P. If they don't then I have no reason using the website. It's never easy to get familiarized with a new platform especially one that involves money.
 
Justin said:
Recently, I discovered a site called localbitcoins. This site provides platform for buyers and sellers of crypto currencies. The best thing about this site is you can find buyer and seller from your region and deal direcelty. has any body tried local bitcoins?
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Localbitcoins is one of the most reliable sites to buy or sell coins and I like the fact that they allow us to buy or sell crypto coins using various methods, including western union. However, I still prefer using other exchangers.
 
Please tell us more about local bitcoins if it is a profitable investment one can always bank on, I have heard if people who have made profit from just buying and selling crypto
 
Justin said:
I am not sure but I believe localbitcoin has been around long before Binance was there. IN fact when there were few crypto exchanges platform and most of these platforms were limited to a handful of countries, localbitcoin came very handy.
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That is right , localbitcoins have buyers and sellers of bitcoin from almost all the countries , with different payment methods as well , though they have strict kyc procedure to start trading bitcoins for fiat money.
 
I can buy but selling would be a no for me.
Some of these local Bitcoin banks are not competent enough.
Some of them earn up running away with customers money
 
actually, I really do not know much about cryptic currency exchange or trading but I sure know that if it is going to be at a cheaper rate and the profit will be much then it is a good idea to go ahead.
 
Localbitcoins is a peer to peer buying and selling site. If you want to convert your cryptos to local currency or any payment processor of your choice, local bitcoin is for you.
 
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